U Power Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	48.83	44.29	19.76	7.8	8.01	1.46
Revenue Growth (YoY)	57.22%	124.09%	153.52%	-2.67%	447.13%	-
Cost of Revenue	31.26	33.83	7.59	5.14	5.14	-
Gross Profit	17.57	10.46	12.17	2.66	2.87	1.46
Selling, General & Admin	48.4	49.7	43.7	39.76	42.45	17.08
Research & Development	5.83	2.99	2.18	9.35	5.37	0.11
Other Operating Expenses	1.89	15.77	3.19	9.8	-	0.29
Total Operating Expenses	56.12	68.45	49.08	58.91	47.82	17.48
Operating Income	-38.55	-57.99	-36.9	-56.25	-44.95	-16.01
Interest Income	0.75	0.74	0.56	0.05	0.44	0.44
Interest Expense	-0.77	-1.4	-1.86	-0.76	-0.7	-0.53
Other Non-Operating Income (Expense)	-7.85	2.29	15.35	-0.7	-1.27	9.58
Total Non-Operating Income (Expense)	-7.87	1.63	14.05	-1.41	-1.53	9.48
Pretax Income	-56.92	-56.36	-22.85	-57.66	-46.48	-6.53
Provision for Income Taxes	0.33	-	2.61	0.01	2.58	-
Net Income	-57.3	-47.92	-19.34	-45.92	-41.4	-5.51
Minority Interest in Earnings	10.85	8.44	6.13	11.75	7.67	1.02
Net Income to Common	-57.3	-47.92	-19.34	-45.92	-41.4	-5.51
Shares Outstanding (Basic)	4	3	1	1	1	1
Shares Outstanding (Diluted)	4	3	1	1	1	1
Shares Change (YoY)	37.57%	129.63%	148.62%	0.00%	-	-
EPS (Basic)	-15.16	-16.79	-15.56	-91.84	-83.00	-11.00
EPS (Diluted)	-15.16	-16.79	-15.56	-91.84	-83.00	-11.00
Free Cash Flow	-77.42	-73.18	-66.32	-20.66	-91.8	-23.73
Free Cash Flow Per Share	-20.92	-25.64	-53.35	-41.32	-183.60	-47.45
Gross Margin	35.97%	23.62%	61.59%	34.11%	35.87%	100.00%
Operating Margin	-78.95%	-130.93%	-186.72%	-721.51%	-561.19%	-1093.72%
Profit Margin	-117.24%	-127.26%	-128.85%	-739.70%	-612.53%	-446.04%
FCF Margin	-158.56%	-165.23%	-335.57%	-265.02%	-1146.09%	-1620.56%
EBITDA	-29.66	-49.48	-28.58	-48.55	-39.73	-14.61
EBITDA Margin	-60.74%	-111.72%	-144.59%	-622.69%	-496.00%	-997.68%
EBIT	-38.55	-57.99	-36.9	-56.25	-44.95	-16.01
EBIT Margin	-78.95%	-130.93%	-186.72%	-721.51%	-561.19%	-1093.72%
Effective Tax Rate	-0.57%	0.00%	-11.43%	-0.01%	-5.55%	0.00%

Updated Jun 30, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q